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DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Long-term Debt Maximum Leverage Ratios

The Company’s maximum consolidated total leverage ratio in the financial covenants (as defined in the Senior Credit Facility) was modified to the following:


Fiscal Quarter						Maximum Consolidated Total Leverage Ratio
March 31, 2023 through December 31, 2024						4.50 to 1.00
March 31, 2025 through June 30, 2026						4.25 to 1.00
September 30, 2026 and the last day of each fiscal quarter thereafter						4.00 to 1.00

Schedule of Contractual Repayments of Long-Term Debt

Contractual repayments of the term loan component of the Senior Credit Facility are due as follows:


As of September 30, 2023	Principal Repayment
Dollars in thousands
Remainder of 2023	$	—
2024	$	14,531
2025	$	33,906
2026	$	38,750
Thereafter	687,813
	$	775,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details